Saudi Arabia’s sovereign wealth fund PIF (Public Investment Fund) has transferred 4% of its issued shares in state oil giant Aramco—valued at around $80 billion—to one of its key subsidiaries, Sanabil Investments. HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince and Prime Minister and PIF Chairman, said the transfer of part […]
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Saudi Crown Prince’s ‘special economic’ gateways to create thousands of jobs in the kingdom
Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman, has launched four new Special Economic Zones in the kingdom, which are expected to create “tens of thousands of jobs, and contribute billions of riyals” to GDP. The new Saudi zones will be focused on key growth sectors, which includes advanced manufacturing, cloud computing, medical […]
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Saudi Arabia’s car-free sci-fi city ‘The Line’: 5 facts you need to know
The Line will have no roads, cars or emissions, and will run on 100% renewable energy